Risk Management Critical To Power Development-Guardian

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Ifeoluwa Oyedele, Executive Director, Engineering and Technical Services, Niger-Delta Power Holding Company (NDPHC), has said unless risk management procedures are applied to infrastructure development in power projects, sustainable development of the sector may remain elusive.

Oyedele said this in Abuja, after being conferred as fellow of Risk Managers Society of Nigeria (RIMSON), insisting that raising awareness on the need for risk management across sectors would enable Nigeria build a sustainable economy.

 

Attributing the fellowship to hard work and the need to work harder, Oyedele said: “The principles of managing risk are the same, and all we need to do is to just apply it to the power sector. It is not different in the power sector to what obtains in the oil industry, to what obtains in the insurance industry, what it entails is doing things the way it should be done, not cutting corners in any way.’’

He said it is important for individuals in all segments of the society to exhibit the right attitude in whatever capacity they have been called to serve.

 

 

Akin Adesina: I’m Ashamed Of Nigeria’s 4,500MW Of Power – The Cable

The President of the African Development Bank (AfDB), Akinwumi Adesina, says it is unacceptable for Nigeria to be delivering 4,500 megawatts of electricity. Speaking on the sidelines of the Africa Investment Forum ongoing in Sandton, South Africa, the former minister of agriculture says he is ashamed of the country’s power generation.

“My own perspective in everything that I do is that my philosophy of development is simple; if I am not ashamed of something I don’t change it. But if I am ashamed of something, I’d change it, I don’t think its acceptable that Nigeria is hovering in 4,500 megawatts space. No. Nigeria ought to be in 40,000 megawatts space. That is what we should be talking about,” he said.

 

Adesina said the AfDB has invested over $200m in driving power generation and transmission in Nigeria. “I think that we as a bank are strongly supportive, we’ve been investing in Nigeria for quite some time, we have been working with the minister of power right now,” Adesina said.

According to Adesina, AfDB has supported NBET because they had issues in terms of liquidity and we provided $200 million to help them unblock some of those things. He also said the AfDB is also investing in other types of renewable energy, on the small scale.

The federal government of Nigeria has said it would be generating 9,000 megawatts of electricity by December 2018.

 

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